The development and regulation of non-bank financial institutions / / Jeffey Carmichael, Michael Pomerleano

• Record Nr.: UNINA9910975092503321
• Autore: Carmichael Jeffrey
• Pubbl/distr/stampa: Washington, D.C., : World Bank, c2002
• ISBN: 1-280-08752-8; 9786610087525; 0-585-40868-8
• Edizione: [1st ed.]
• Descrizione fisica: xv, 230 pages : illustrations ; ; 24 cm
• Altri autori (Persone): PomerleanoMichael
• Disciplina: 332.1
• Soggetti: Financial institutions - Developing countries; Insurance companies - Developing countries; Securities - Developing countries
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references (p. 225-230).
• Nota di contenuto: Intro -- Contents -- Foreword -- Preface -- Acknowledgments -- Financial Systems -- The Policy Framework -- Financial Institutions -- The Role of Non-Bank Financial Institutions -- Regulatory Objectives -- The Principles of Regulation -- Regulatory Structure -- Regulatory Backing -- Regulatory Implementation -- Insurance (Risk- Pooling) Companies -- The Market for Insurance -- Factors Affecting the Growth of Insurance -- The Contribution of Insurance to Economic Growth -- Regulating Insurance Companies -- The Market for Contractual Savings -- Contractual Savings Institutions -- A Note on Pension Fund Growth -- Factors Affecting the Growth of Contractual Savings Institutions -- The Contribution of Contractual Savings Institutions to Economic Growth -- The Appropriate Form of Regulation -- Regulatory Tools and Techniques for Collective Investments -- Surveillance -- Special Issues in Pension Reform in Emerging Markets -- Securities Markets -- The Market for Securities: The Growth of Emerging Markets -- Factors Affecting the Growth of Securities Markets -- Contribution of Securities Markets to Economic Growth and Stability -- Regulating Securities Markets -- The Policy Agenda: Second-Generation Challenges for Emerging Markets -- Epilogue -- Leasing ; Finance -- Specialized Financial Institutions -- Real Estate Finance -- A Note on Financial Cooperatives -- Factors Affecting the Growth of Specialized Financial Institutions -- The Contribution of Specialized Financial Institutions to Economic Growth -- The Appropriate Form of Regulation -- Regulatory Tools and Techniques -- Issues for Emerging Markets -- The Importance of Legal Infrastructure -- Critical Financial Sector Skills and Professions -- Incentives for the Growth of NBFIs -- The Role of Foreign Competition -- The Role of Government Provision of Nonbank Financial Services.; The Importance of Public Sector Governance -- The Importance of Sequencing Reforms -- References.
• Sommario/riassunto: This book helps build an awareness of the potential of non-bank financial institutions -- including insurance companies, mutual funds, real estate, and pension schemes -- for developing countries. It aims to assist policymakers in the creation of coherent policy structures and sound regulatory environments.